AN ACT RELATIVE TO GAS OR ELECTRIC COMPANIES DECLARING STOCK OR SCRIP DIVIDEND.
Whereas , The deferred operation of this act would tend to defeat its purpose, which is to permit forthwith the distribution of certain proceeds upon approval by the department of telecommunications and energy, therefore, it is hereby declared to be an emergency law, necessary for the immediate preservation of the public convenience.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 11 of chapter 164 of the General Laws, as appearing in the 2000 Official Edition, is hereby amended by inserting after the word "stockholders", in line 3, the following words:- unless the department approves.